DINAR REVALUATION

Wednesday, October 18, 2023

"ANALISIS OF NEWS OF IRAQ" BY SANDY INGRAM, 18 OCT

Sandy Ingram

Article: "Iraq Economy News for 2024, According to the IMF is not Good, Iraq Says Differently"

What the IMF is saying is Iraq's economy forecast is leaning towards a negative because countries with currencies pegged to the US dollar, except Iraq's central bank, have followed the US fed's footsteps and adjusting the interest rates accordingly.

In other words Iraq did not follow in the footsteps of the Federal Reserve and as a result the IMF sees Iraq's inflation rate at or around 9% in 2024 rather than at 3.5% the the Iraqi minister of planning announced. The 5.5% difference is enough to be concerned about.

Article: "35 million lost every day: Shutdown of Iraq-Turkey oil pipeline has hurt stat and oil companies"

In total Iraq lost $7 billion USD. Turkey has officially notified Iraq the oil pipeline is ready to be reopened...

Protests Emerge Outside the US Embassy in Baghdad, Iraq #shorts, 18 OCT

In the heart of Baghdad, a city steeped in a rich tapestry of history and conflict, a new wave of dissent has unfurled outside the US embassy. The bone of contention: Israel’s devastating airstrikes in Palestine, which have culminated in over 500 fatalities. This public outpouring is one manifestation of a broader swell of protests that has surged across the Middle East and North Africa, a poignant echo of solidarity with Palestine that resonates in the face of escalating violence and rising civilian casualties.

These protests, like a wildfire of indignation, have sparked across countries such as Iraq, Lebanon, Jordan, Iran, and Turkey. They stand as a collective testament to the outrage against Israel’s actions, their voices amplifying the silent cries of Palestine. The catalyst for this uproar was the deadly Israeli air attack on the Al-Ahli al-Arabi Hospital in Gaza – arguably the most catastrophic single attack since the start of the Israeli-Hamas war. And while Israel has denied responsibility, the World Health Organization’s condemnation and call for the protection of Gaza’s civilians and healthcare workers reveal the depth of the crisis.

The protests have spread far and wide. From Iran, where crowds thronged outside the French Embassy in Tehran, to Turkey, where protestors outside the Israeli consulate were scattered by the police. In Lebanon, Iraq, and Jordan, protestors attempted to storm the Israeli embassies or consulates, their sentiments a mirror reflecting the region’s long-standing anti-Israel sentiments .

A Global Outcry

Yet, the scope of these protests is not confined to the Middle East and North Africa. In Libya, hundreds marched through the streets of Tripoli, their hands bearing Palestinian flags, their voices chanting slogans of support for Gaza. Reports of protests have also filtered in from Yemen, Morocco, and Tunisia. These global demonstrations underscore the shared anger and disdain for Israel’s actions in Gaza, fueled by decades of oppression and violence against the Palestinian people.

But the international community isn’t merely a silent spectator. US President Joe Biden, who happened to be in Israel during these protests, expressed his grief and outrage over the hospital blast. He even hinted that Israeli forces might not have been responsible. The United Arab Emirates and Bahrain, which established ties with Israel under the Abraham Accords of 2020, have also condemned the attack. The United States has raised its travel alert for Lebanon and greenlit the voluntary departure of US government personnel’s family members, while Israel’s national security council has warned against travel to Turkey.

The protests, then, are more than just an outpouring of anger and frustration over the Israeli-Palestinian conflict. They represent a broader sentiment of solidarity with Palestine and a condemnation of the violence and civilian casualties caused by the Israeli airstrikes. And as the death toll continues to rise and the violence escalates, it’s clear that the situation remains far from resolved. The protests, a testament to the deep-rooted anti-Israel sentiments in the region and the strong emotions the conflict arouses, are likely to continue, a stark reminder of the human toll of this seemingly endless conflict.

Coffee with MarkZ and Andy Schectman. 10/18/2023

MarkZ Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions

Member: Good Wednesday morning…..Trying hard not to ask “Are we there yet?” lol

Member: Can I have an RV to go please? Is this the right drive thru?

Member: I feel like Linus on Charlie Brown just sitting in the Pumpkin Patch waiting for the Great Pumpkin to arrive, while all of my friends are out trick-or-treating, oblivious to the Great Pumpkin arrival!

Member: Mark are we close. just asking for a friend

MZ:I think we are close…..It certainly feels close.

MZ: I was expecting a lot more news today…especially out of bond sources….they are still hearing conflicting info as to if its now…or when the conflict overseas is settled. There are some with appointments this Friday and they are expecting full funding….There are also a couple appointments for over the weekend…..we shall see…..they had also expected full funding 2 weeks ago. It is interesting getting so many different stories from the bond side.

Member: I thought that the bondholders money was going to be released when we went in??

MZ: MilitiaMan did a good video …he is talking about what we mentioned yesterday…..Instead of the dollar at customs and duties…there is de-dollarization. They are making certain that everything is conducted in dinar from here on out. For government function they can only use dinar….no other currencies.

MZ: “Government revisits using “Gold Dinar” as reserve currency” According to the Prime Minister of Malaysia……..and this is yet another story from the PM that they will reinstate a “Gold Dinar” Many countries have realized they need to go to commodity backed/gold backed currency.

Member: Don’t get it Iraq acting like they have a new rate … but yet no new rate nor operational budget nor HCL … frustrating

Member: Iraq needs to borrow Kuwait RV Team and get this done!!

Member: (From Dinar Guru) Mnt Goat The saga about the Iraqi dinar RV only gets better as the months roll on. More and more pieces are put in place for the inevitable revaluation and reinstatement of the dinar. It has become not a matter of “if” these events will occur but “when”.

MZ: It is absolutely a “When” not an “if”

Member: Mark can this really happen with all the wars going on, Or dose the fighting have to be over.?????

Member: while the world is watching Isreal, banks keep folding....the financial system can't keep going this way...

Member: What do you still expect as the rate for the dong?

MZ: I still expect the low $2 range….$2.25 ish. But, most of my sources say it could be more in the $3 dollar range….we shall see.

Member: 5 RV’s have happened since World War 2

MZ: Bam….yes they have. There is a lot of historic precedence for what we are going through…..

Member: Do we need a new speaker of the house before Iraq can move forward?

MZ: We are being told that the ball is in Iraq’s court now….so no…..

Member: I’ve been on this journey since 2016 and it’s been hell

Member: it almost over ! been waiting since 2017

Member: I have been waiting since 2007……I agree- it has been hell…..praying there is a light at the end of this loooong train tunnel

Membeere: y'all just be patient. When this does finally happen. it will be a great blessing. Just do the best you can with what you have until then.

Member: Everything could change suddenly in the blink of an eye……

Member: I am not sure I am going to believe when this thing actually happens - I'll be in shock for sure….A good shock

Member: Mark and Mods thanks for all you do!

Andy Schectman from Miles Franklin joins the stream at the end….please listen to the replay for his opinions and information…

“THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IS IN MARKZ’S OPINION ONLY

PM al-Sudani denounces Israeli attacks on Gaza as genocide, full-fledged war crime, 18 OCT

PM al-Sudani denounces Israeli attacks on Gaza as genocide, full-fledged war crime, 18 OCT

Shafaq News/ Iraq's Prime Minister Mohamed Shai al-Sudani on Wednesday condemned the ongoing Israeli attacks on the Palestinians in Gaza as a full-fledged war crime and an act of genocide.

Al-Sudani's came during a meeting with Arab parliament speakers and members participating in the 35th Arab Parliamentary Union's emergency conference, held in the Iraqi capital, Baghdad, to discuss the evolving situation in Gaza.

Al-Sudani reiterated Iraq's unwavering commitment to the Palestinian cause, calling for an urgent action to support the Palestinian people who are facing "blatant aggression and a full-fledged war crime, an attempt at genocide, as Israeli authorities have relentlessly targeted innocent civilians."

He also condemned to the recent ruthless bombing of a hospital in Gaza on Tuesday evening, an act that resulted in the loss of hundreds of lives, including children and women.

"This heinous act, which goes against all international conventions and humanitarian law, further underscores the need for immediate international intervention," he added.

The premier called upon the international community, parliamentary and political entities, to come to the aid of the oppressed Palestinian people, ensuring their full legitimate rights to establish their state on their homeland.

Minister of Trade: Iraq is currently witnessing fundamental economic changes, 18 OCT

Minister of Trade: Iraq is currently witnessing fundamental economic changes

Economy News - Baghdad

Trade Minister Atheer Al-Gheriri stressed on Tuesday keenness to increase the volume of trade exchange with Saudi Arabia, while noting that Iraq is currently witnessing fundamental economic changes.

The Ministry of Commerce said in a statement that "Minister of Trade Atheer Al-Ghurairi delivered a speech on the occasion of the opening of the activities of the Made in Saudi Arabia exhibition and the participation of Iraq as a guest of honor in it, which kicked off yesterday in Riyadh."

Al-Ghuriri stressed "Iraq's keenness to increase the volume of trade exchange, exchange experiences and increase opportunities for partnerships with the Kingdom of Saudi Arabia," noting that "Iraq is currently witnessing fundamental economic changes and gives a greater role to the private sector in the process of development and economic development and creating a suitable environment for work, investment and economic development."

He continued, "Since its inception, the Iraqi-Saudi Coordination Council has played a major role in strengthening bilateral relations, whose results have been tangible on the ground through the main committees emanating from it and the agreements reached that laid the foundations for sustainable joint action and the implementation of projects that would contribute significantly to work in the long term and in line with the strategic vision of the leadership of the two countries."

"RV UPDATE" BY PIMPY, 18 OCT

Pimpy

Article: "Al-Kadhimi: The decision to increase the interest rate will activate the banking system inside Iraq"

Will increasing interest rates on your account to 7.5% draw people in?

Heck yeah it will! If a bank did that in American you would see a lot of people run to it...

Quote: "The Central bank's decision...falls within banking reform measures... of prime minister Al-Sudani's directives... The decision...will certainly encourage citizens to deposit in banks which will stimulate financial movement...in addition to... reducing the exchange rate of the dollar against the Iraqi dinar." That's really what the goal is...If this doesn't work there's going to be other measures that need to be taken in order for them to do something about closing that gap between the parallel market and the set rate of 1320 dinar.

All kinds of articles about the exchange rate.

And how easy is it to predict when you see a bunch of articles about the exchange rate you got a bunch of people out there...making claims this means they're going to change the exchange rate...

I keep telling you guys not to fall for that...Could they increase the Iraqi dinar exchange rate? Of course they could but if you think they're going to do an RI you're sadly mistaken. An RV is possible but not an RI...